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Chic Chain Valley Bay Granny Flat: Downsizing With Acrow Investments

by Jul 7, 2020

Home » Blog » Granny Flats » Chic Chain Valley Bay Granny Flat: Downsizing With Acrow Investments

Downsizing can be a tough decision to make, but here at Acrow Investments we ensure the outcome is worth it. This recent project is a testament to the benefits …

The clients of this project came to us with the vision of building a second home in the backyard of their existing property – and then move into it! They wanted a luxurious, modern, and functional granny flat that was so good that moving out of the “main house” would be no compromise at all.

Indeed, they wanted their granny flat to be self-sufficient from the main home yet easily accessible to their extended family who would be moving into the larger pre-existing dwelling.

Our team worked closely with these clients to make sure their investment delivered everything they needed and was all they hoped for.

Here’s the project overview.

Project description: Adding a modern luxury granny flat to an existing property fit for “downsized” living.

Result: With no compromise on quality, the project boasts a well-designed home with a spacious feel and plenty of storage throughout.

Project cost: $153,000 – including CDC approval and construction fees.

Build duration: 15 weeks.

Return on investment: Potential rental return is $385 p/w, however our clients will be living in their own granny flat and have their extended family living in the main house.

THE LOCATION

A quiet, peaceful, friendly and nealy undiscovered corner of the Central Coast, Chain Valley Bay is the perfect location for families and retirees.

Wrapping around a deep inlet of Lake Macquarie, Chain Valley Bay boasts serene water views and easy lake access with convenient boat ramps.

Within a short drive, you can access beautiful ocean beaches, good shopping and all amenities. With the M1 also not far off, a commute to bigger population centres is also faster than you’d expect.

Chain Valley Bay itself is described as a “hidden treasure”. That being said, hidden treasures in the catchment of the Sydney-Newcastle corridor don’t stay hidden for long.

We predict increasing desirability for affordable and family-friendly communities like this, making Chain Valley Bay a smart investment choice.

THE PROJECT

Despite the “downsize” tag, this granny flat feels like a home proper – spacious and luxurious. 

The kitchen is a central feature, fitted with a generous black stone benchtop/breakfast bar and a matching underset sink, with space for a French-door refrigerator.

Granny flat Chain Valley Bay Central Coast - Kitchen

The features don’t end there. Throughout the open and airy home, you’ll find smart storage options, including built-in wardrobes and ample laundry storage solutions.

Granny flat Chain Valley Bay Central Coast - Bedroom
Granny flat Chain Valley Bay Central Coast - Living Room

The final touch is a front porch with room to enjoy the sea breezes and laid-back evenings.

THE NUMBERS

Chain Valley Bay is desirable for both safety and lifestyle making it a great place for investing in rental properties. 

While our clients will be living in their new home with the extended family taking over the main house, potentially they could have a rental return of $385 per week for the granny flat alone. 

With rental income rates in the Chain Valley Bay area higher than the Central Coast region average, the initial $153,000 investment has a fantastic outlook.

CHOOSE ACROW INVESTMENTS

As a Central Coast family-run business, Acrow Investments offer more than competitive pricing. We’re here to help you get the best return from your investment by delivering quality at every turn.

We’re specialists in the construction of granny flats, duplexes,  dual occupancies and family homes and renovations throughout the Lake Macquarie region.

Contact us today. Get your project started. Free quotes and site-specific advice available.

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After inheriting a property in the lakeside suburb of Killarney Vale (Central Coast, NSW), the clients came to us looking to revitalise this holding and also maximise the income it could generate. After we sat with them to explore their hopes and discuss options, they settled on a plan to build a modern granny flat on the land. This would allow another income stream to be generated from the property, as well as improve its overall market value. Of course, granny flats are precisely what we do, so we were only too happy to help.

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